FTC investigating Stryker move to purchase Wright Medical

The FTC is investigating Stryker’s proposed purchase of Wright Medical Group to determine if it is anticompetitive, according to Mass Device. 

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Maia Anderson

Stryker, a Fortune 500 medical devicemaker based in Kalamazoo, Mich., announced in November that it would acquire Memphis, Tenn.-based Wright Medical for a total enterprise value of $5.4 billion. 

A Jan. 2 Securities and Exchange Commission filing from the FTC showed the agency sent second requests to both Stryker and Wright Medical to investigate the acquisition further.

Stryker plans to pay $30.75 per share for Wright Medical, according to Mass Device. 

Read the full article here. 

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